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Download the PDF (5.4 MB) - Nedbank Group Limited

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308 NEDBANK GROUP <strong>Limited</strong> INTEGRATED REPORT 201015 OPERATING EXPENSESStaff costs 8 794 7 898Salaries and wages 7 735 7 067Short-term incentives 981 833Long-term employee benefits* (44) (15)Share-based payments expense – employees** 122 13Computer processing 2 135 1 993Depreciation for computer equipment 337 340Amortisation of computer software 496 459Operating lease charges for computer equipment 167 137O<strong>the</strong>r computer processing expenses 1 135 1 057Communication and travel 671 633Depreciation for vehicles 8 4O<strong>the</strong>r communication and travel 663 629Occupation and accommodation 1 392 1 262Depreciation for owner-occupied land and buildings 106 81Operating lease charges for land and buildings 526 527O<strong>the</strong>r occupation and accommodation expenses 760 654Marketing and public relations*** 1 009 861Fees and insurances 1 592 1 407Auditors’ remuneration 107 104Statutory audit – current year 81 762010Rm– prior year 1 2Non-audit services – interim reviews 6 6– o<strong>the</strong>r services 19 20O<strong>the</strong>r fees and insurance costs 1 485 1 303Furniture, office equipment and consumables 357 340Depreciation for furniture and o<strong>the</strong>r equipment 263 207Operating lease charge for furniture and o<strong>the</strong>r equipment 11 26O<strong>the</strong>r office equipment and consumables 83 107O<strong>the</strong>r operating expenses 500 580Amortisation of intangible assets 64 38O<strong>the</strong>r sundries*** 436 542Included in staff costs are <strong>the</strong> following:2009Rm16 450 14 974– Executive directors’ remuneration**** 28 27– Non-executive directors’ remuneration**** 11 1039 37* Includes contributions to defined-benefit and defined-contribution pension funds and postretirement medical aid funding and any adjustments for definedbenefitobligations toge<strong>the</strong>r with any fair-value adjustments of plan assets held. See note 35.** Excluding amounts related to <strong>the</strong> group’s BEE schemes.*** 2009 comparative information has been restated for Imperial Bank <strong>Limited</strong> joint venture and alliance management fees of R28 million previously disclosed inmarketing and public relations expenses.**** See pages 232 to 236 of <strong>the</strong> Remuneration Report for a detailed breakdown of directors’ remuneration.Certain expenses incurred by <strong>the</strong> company on behalf of subsidiary companies are recovered from subsidiary companies.See note 15.2 for a breakdown of total expenses by operating segment.

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